“If Treasury today issued $1,000 bonds paying 8% or 10% interest, at whatever price the market’s willing to pay, it gets a lot more than $1,000. But the “national debt” only increases by $1,000, the “face value” of the bonds…Money to pay the bills, without increasing the national debt. It could make the debt-limit silliness simply immaterial and moot, forever.” @SteveRoth on Treasury selling premium bonds. https://mastodon.world/@SteveRoth/110414015390778669